SEPARATELY MANAGED ACCOUNTS

INVESTING ISN'T A GAMBLE OR A GAME

We create financial plans and invest money for people who want their money to work as hard for them as they’ve worked for it—and who want their money to grow over periods of time best measured in years for generations. Our clients hire us to help preserve what they have, make it grow, and bring peace of mind.

SEPARATELY MANGED ACCOUNTS OVERVIEW

We seek to maximize total returns, after taxes and inflation, to our clients by taking advantage of the opportunities provided when markets periodically misprice assets.

Our investment objective is to maximize total after-tax returns for our clients through capital appreciation, and income from dividends and interest, consistent with reasonable risk.

We serve:

  1. People that work to make money.
  2. Independent thinkers that expect us to occasionally disagree with them in order to be mutually successful.
  3. Referral partners who use us to manage money for their  clients and that provide services to our clients.

We know:

  1. Investing is a business and a profession; not a game or a gamble.
  2. Modern Portfolio Theory is based on three assumptions that MUST be true in order for it to be useful.
  3. Annual gifting is a powerful and under- utilized estate planning tool.
  4. Dividend Discount Models have to account for inflation when calculating stock prices and company values.
  5. 529 plans are good tax avoidance products but can be flawed investment vehicles if you aren’t careful.

All-Cap Value Composite Performance

(NET OF FEES)

Return
Year to Date
4.58%
One Year
19.19%
Past 3 Years (Annualized)
17.12%
Past 5 Years (Annualized)
10.45%
Past 10 Years (Annualized)
8.77%
Past 15 Years (Annualized)
5.76%
S&P 500 Total Return*
Year to Date
-4.6%
One Year
15.65%
Past 3 Years (Annualized)
18.92%
Past 5 Years (Annualized)
15.99%
Past 10 Years (Annualized)
14.64%
Past 15 Years (Annualized)
11.45%
Consumer Price Index**
Year to Date
1.76%
One Year
7.87%
Past 3 Years (Annualized)
3.92%
Past 5 Years (Annualized)
3.1%
Past 10 Years (Annualized)
2.23%
Past 15 Years (Annualized)
2.24%

Data as of 03/31/2022.

For managed account clients, our fees are 1.00% on the first million, 0.50% on the remainder, annually.

* The S&P 500 is a widely recognized, unmanaged index of common stock prices. The figures for the S&P 500 reflect all dividends reinvested but do not reflect any deductions for fees, expenses, or taxes. One cannot invest directly in an index.

** Consumer Price Index (CPI) – As of February 2022 – U.S. CPI Urban Consumers NSA (Non-Seasonally Adjusted), Index. The Consumer Price Index tracks the prices paid by urban consumers for goods and services and is generally accepted as a measure of price inflation. Price inflation affects consumers’ purchasing power.

Consolidated performance with dividends and other earnings reinvested. Performance figures reflect the deduction of broker commission expenses and the deduction of investment advisory fees. Such fees are described in Part II of the adviser’s Form ADV. The advisory fees and any other expenses incurred in the management of the investment advisory account will reduce the client’s return. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the above accounts. A list of all security recommendations made within the past twelve months is available upon request.